EconomicsStudy of the production, distribution, and consumption of goods and services
Definitions:
The branch of knowledge concerned with the production, consumption, and transfer of wealth.
IncentivesRewards or other incentives designed to encourage certain behaviors
Definitions:
A thing that motivates or encourages one to do something.
CorrelationA mutual relationship or connection between two things
Definitions:
A mutual relationship or connection between two or more things
ParadoxA statement or situation that may be true, but seems impossible or difficult to understand because it contains two opposite facts or characteristics
Definitions:
A seemingly absurd or contradictory statement or proposition which when investigated may be found to be true.
ConventionalNormal and ordinary and what most people do
Definitions:
Based on or in accordance with what is generally done or believed.